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Bot GPT 3.5 Microeconomics questions:
1. How do changes in the price of a good or service affect consumer demand?
2. What factors determine the level of competition in a specific industry?
3. How does a change in minimum wage impact employment levels in a particular region?
4. What are the factors that influence an individual’s decision to purchase a specific product or service?
5. How does the elasticity of demand vary for different goods and services?
Macroeconomics questions:
1. What impact does inflation have on the overall economy and consumer purchasing power?
2. How do changes in government spending and taxation policies affect economic growth?
3. What factors contribute to fluctuations in national unemployment rates?
4. How does international trade and exchange rates impact a country’s balance of payments?
5. What are the effects of monetary policy decisions by central banks on interest rates and economic activity?